MaxAB

MaxAB Secures $40M to Accelerate Growth, Regional Expansion

ByTechTrends

MaxAB, a B2B e-commerce and distribution platform for food and grocery products that serves a network of conventional merchants in Egypt and Morocco, has announced the closing of a $40 million pre-series B equity transaction to support its growth throughout the MENAP area. The round included a number of new investors, including British International Investment…

Egypt’s MaxAB acquires Morocco’s WaystoCap after securing $15m extra funding

Egypt’s MaxAB acquires Morocco’s WaystoCap after securing $15m extra funding

ByTechTrends

Egypt’s MaxAB acquires Morocco’s WaystoCap after securing $15m extra funding Written By TOM JACKSON Egyptian retail-tech startup MaxAB has acquired Moroccan counterpart WaystoCap as it plots expansion into the Maghreb region after adding US$15 million to the US$40 million Series A round it secured last month. Founded in 2018 by Egyptian and Libyan entrepreneurs Belal…